Q669
In a normal accounting period, allocated amount of indirect cost is 2000 and actual amount is 2200, then this is classified as
A.
over allocated budget
AnswerB.
under allocated budget
C.
under allocated indirect cost
D.
over allocated direct cost
Answer: Option A
Solution
Answer: Option A
Solution:
In a normal accounting period, allocated amount of indirect cost is 2200, then this is classified as over allocated budget because allocated amount is less than actual amount.